Jump to content

403(b) Distribution/Bankruptcy


Recommended Posts

Individual is filing for bankruptcy. She wants to withdrawal money from her 403(B) Plan. I know very little about 403(B) plans, but it seems to me, as with 401(k)'s, distribution rules are governed by the Plan document. Document probably sclosley resembles 403(B)(7) or 403(B)(11). Is this correct?

Also, with 401(k)s participants account cannot be attached in bankruptcy. Is the same true for 403(B)s?

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...